Clydesdale Bank announces important changes to its Mortgage products

We are delighted to announce new products added to our Fixed Rate range and also a new product in our Offset Discount range with effect from Friday 13th July 2012.

12th July 2012

These are:

• 2 year Fixed Rate maximum 70% LTV with an initial rate of 3.39% (the overall cost for comparison is 4.8% APR)
• 3 year Fixed Rate maximum 70% LTV with an initial rate of 3.69% (the overall cost for comparison is 4.7% APR)
• 5 year Fixed Rate maximum 70% LTV with an initial rate of 3.99% (the overall cost for comparison is 4.7%)
• 2 year Offset Discount maximum 65% LTV with an initial rate of 3.29% (the overall cost for comparison is 4.8% APR)

In addition to these new products, we have made a number of changes to our existing product range.

Products withdrawn with effect from 5pm, 12th July 2012:

• 2 year Fixed Rate maximum 75% LTV with an initial rate of 3.49%
• 2 year Fixed Rate maximum 80% LTV with an initial rate of 3.89%
• 2 year Fixed Rate maximum 85% LTV with an initial rate of 4.49%
• 3 year Fixed Rate maximum 75% LTV with an initial rate of 3.79%
• 3 year Fixed Rate maximum 85% LTV with an initial rate of 4.89%
• 2 year Offset Discount maximum 75% LTV with an initial rate of 3.19%
• 5 year Fixed Rate Buy To Let maximum 80% LTV with an initial rate of 5.39%

From the 13th July 2012, the following products will be available:

• 2 year Fixed Rate maximum 75% LTV with an initial rate of 3.69% (the overall cost for comparison is 4.9% APR)
• 2 year Fixed Rate maximum 80% LTV with an initial rate of 3.99% (the overall cost for comparison is 4.9% APR)
• 2 year Fixed Rate maximum 85% LTV with an initial rate of 4.69% (the overall cost for comparison is 5.1% APR)
• 3 year Fixed Rate maximum 75% LTV with an initial rate of 3.89% (the overall cost for comparison is 4.8% APR)
• 3 year Fixed Rate maximum 85% LTV with an initial rate of 4.79% (the overall cost for comparison is % APR)
• 2 year Offset Discount maximum 75% LTV with an initial rate of 3.49% (the overall cost for comparison is 4.8% APR)
• 5 year Fixed Rate Buy To Let maximum 80% LTV with an initial rate of 5.29% (the overall cost for comparison is 5.5% APR)

All other products are unchanged.

To help you manage any applications in progress, we will accept applications for the withdrawn products until 5pm on Friday 13th July 2012.

For further information about our products, please visit our product pages, or contact your Relationship Partner.

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